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Strategic Management Quiz

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Questions and Answers

Which of the following best describes strategic management?

A framework for organizations to set a course for success

A technique to achieve replicable results with different management techniques

A way to answer why some firms outperform others

A process to allocate resources and capabilities for superior firm performance (correct)

What does strategic management help answer?

How to achieve replicable results with different management techniques

Why some firms outperform others (correct)

How to improve the performance of firms in an environment

How to allocate resources for major initiatives

What is the role of creativity in strategic management?

It is just as important as strategic management (correct)

It is more important than strategic management

It is not important

It is less important than strategic management

What is the historical origin of strategy formation?

Ancient warfare Signup and view all the answers

What is the purpose of analyzing the external, competitive, and internal environments in strategic management?

To shape the strategies pursued by a firm Signup and view all the answers

Which of the following is NOT a function of financial management?

Marketing Signup and view all the answers

What is the main purpose of financial management?

To handle a company's finances successfully Signup and view all the answers

Which department is responsible for ensuring all departments stay on track in terms of financial management?

VP of Finance Signup and view all the answers

What can ERP software help finance teams achieve?

All of the above Signup and view all the answers

Which of the following is NOT a financial function combined in a financial management system?

Supply chain management Signup and view all the answers

Strategic Management Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following best describes strategic management?

What does strategic management help answer?

What is the role of creativity in strategic management?

What is the historical origin of strategy formation?

What is the purpose of analyzing the external, competitive, and internal environments in strategic management?

Which of the following is NOT a function of financial management?

What is the main purpose of financial management?

Which department is responsible for ensuring all departments stay on track in terms of financial management?

What can ERP software help finance teams achieve?

Which of the following is NOT a financial function combined in a financial management system?

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